Senior Actuarial Consultant - Long Term Care Reserving (Life & Health)

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. 

CNA’s Long Term Care (LTC) business unit is not your typical slow moving insurance company; we have the resources of a large company behind us and operate with a start-up mindset. With a team of over 50 across multiple insurance disciplines of Operations, Claim, Anti-Fraud, Finance, Actuarial and Data Analytics, we move quickly and have clear insight into how we make an impact. With approximately $14b in reserves serving 300k policyholders, CNA’s LTC business is an important strategic priority for CNA.

This is an exciting opportunity to drive strategy and execution as a member of CNA's LTC Reserving and Experience Analysis team. Come work in a highly collaborative environment with key internal and external business partners to support the financial management associated with CNA’s Long Term Care business. Use your technical strengths, detail-oriented mindset and strong communication abilities to create change while being a steward of the business.

This position works a hybrid schedule from the CNA Chicago office (151 N Franklin St.) and offers full actuarial exam study support, flexible work options, and a focus on professional development!

Applicants at both the consultant and senior consultant levels will be considered, position level will be determined based on qualifications.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

• Performs complex actuarial calculations and helps drive the monthly reserving and financial close process.

• Drives process behind the determination of reserves and/or cash flow projections to support the monthly close process, annual reserve testing for the LTC block of business.

• Monitors experience and financial trends for the LTC and structured settlement segments.

• Ensures accuracy of all financial reports and statements, with close collaboration with our LTC finance and Actuarial Modeling teams.

• Produces highly technical reports and communicates with other actuarial/analytical staff and management including presentations to senior management.

• Manages project teams and may be responsible for special projects and presentations.

• Facilitates communication and provides technical guidance to business partners and other functional areas (e.g. Claims, Finance, etc.) on actuarial issues.

• Provides guidance to less experienced team members and may lead and/or participate in special projects.

• Stays up to date in functional area of expertise, on industry trends and developments, and assures knowledge transfer within the organization.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities

• Strong knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts. 

• Advanced actuarial and financial expertise and product specific knowledge. 

• Strong interpersonal, communication and presentation skills.  Ability to effectively interact with all levels of CNA’s internal and external business partners. 

• Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex situations and issues 

• Solid project management, organization, and planning skills with the ability to manage multiple projects effectively and lead teams. 

• Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews. 

• Ability to creatively and effectively manage through ambiguous and challenging problems, leads through change and takes appropriate levels of risk. 

• Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports. 

• Solid knowledge of Microsoft Office Suite and other business-related software systems, including processing systems and applications.

• Not required, but a plus: Knowledge of programming and/or data visualization tools such as Alteryx, Tableau, SAS/SQL/R, or experience with Google Cloud Platform or actuarial valuation systems such as AXIS Actuarial Modeling Software, etc.

Education & Experience

• Bachelor's Degree in a relevant discipline, or equivalent.  

• Typically a minimum of five to seven years of related work experience. Position level will be determined based on qualifications.

• Typically has their Associate accreditation (ASA), and may be working towards Fellowship; may include those that have attained their FSA.  

#LI-KP1

#LI-Hybrid

In Chicago/New York/California, the average base pay range for a Consultant to Senior Actuarial Consultant is $97,000 to $185,000. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. 

In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $72,000 to $141,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.  For a detailed look at CNA’s benefits, please visit cnabenefits.com.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com.